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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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STRATEGIC MORTGAGE CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
STRATEGIC MORTGAGE CO. |
| Address | 40 W. THIRD AVENUE
COLUMBUS, OH 43201 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 679 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,268,000 |
| Average Mortgage Loan Amount Applied For | $142,391 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $70,391 |
| Highest Applicant Income | $850,000 |
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| Home Improvement |
3 | $328,000 |
$109,000 | $178,000 |
$61,000 | $78,000 |
| Home Purchase |
1,171 | $136,748,000 |
$116,000 | $669,000 |
$53,000 | $850,000 |
| Refinancing |
146 | $20,116,000 |
$137,000 | $500,000 |
$70,000 | $359,000 |
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| American Indian or Alaskan Native |
1 | $145,000 |
$145,000 | $145,000 |
$54,000 | $54,000 |
| Asian |
18 | $2,336,000 |
$129,000 | $320,000 |
$55,000 | $120,000 |
| Black or African American |
229 | $25,498,000 |
$111,000 | $360,000 |
$50,000 | $167,000 |
| Hispanic |
31 | $3,517,000 |
$113,000 | $245,000 |
$49,000 | $192,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $233,000 |
$116,000 | $121,000 |
$39,000 | $45,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
13 | $1,412,000 |
$108,000 | $188,000 |
$59,000 | $120,000 |
| White |
1,026 | $124,051,000 |
$120,000 | $669,000 |
$56,000 | $850,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
326 | $46,479,000 |
$142,000 | $669,000 |
$80,000 | $850,000 |
| FHA-insured (Federal Housing Administration) |
953 | $105,580,000 |
$110,000 | $239,000 |
$46,000 | $333,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
41 | $5,133,000 |
$125,000 | $204,000 |
$52,000 | $120,000 |
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| Application Approved But Not Accepted |
10 | $1,852,000 |
$185,000 | $431,000 |
$153,000 | $850,000 |
| Application Denied By Financial Institution |
56 | $6,590,000 |
$117,000 | $259,000 |
$53,000 | $240,000 |
| Application Withdrawn By Applicant |
91 | $11,233,000 |
$123,000 | $300,000 |
$57,000 | $149,000 |
| File Closed For Incompleteness |
18 | $2,670,000 |
$148,000 | $417,000 |
$58,000 | $300,000 |
| Loan Originated |
504 | $64,923,000 |
$128,000 | $500,000 |
$64,000 | $442,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
172 | $20,307,000 |
$118,000 | $316,000 |
$52,000 | $192,000 |
| Preapproval Denied by Financial Institution |
469 | $49,617,000 |
$105,000 | $669,000 |
$43,000 | $420,000 |
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| Collateral |
4 | $738,000 |
$184,000 | $237,000 |
$80,000 | $106,000 |
| Credit Application Incomplete |
19 | $2,364,000 |
$124,000 | $250,000 |
$69,000 | $120,000 |
| Credit History |
396 | $41,111,000 |
$103,000 | $669,000 |
$45,000 | $420,000 |
| Debt-To-Income Ratio |
66 | $8,041,000 |
$121,000 | $330,000 |
$35,000 | $108,000 |
| Employment History |
5 | $501,000 |
$100,000 | $149,000 |
$39,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $69,000 |
$69,000 | $69,000 |
$19,000 | $19,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $118,000 |
$59,000 | $76,000 |
$45,000 | $53,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STRATEGIC MORTGAGE CO. by:
Metropolitan Area And
County
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